MDH Blog | The Marin Home Blog

Marin home prices last month fell 17 percent over the previous month, home sales shrank a sizable 41 percent during the same period.

Prices of single-family homes fell 17 percent in January compared with December, according to BAREIS MLS® – the Marin MLS provider. Of the 13 cities we track, four posted decreases, with an average home price of $818,434 for Marin County. Belvedere led the way with a whopping 60 percent drop, which is largely responsible for the county’s overall decline for the month of January.

Marin home prices were down 24 percent in January compared with the same month last year. But the news isn’t all bad. During the same period, the pace of Marin home sales increased dramatically, up 17 percent.

Despite January’s lackluster performance, some indicators suggest 2010 may have already marked the beginning of Marin’s housing recovery. The average sale price rose by $40,000, or 4 percent, from the previous year to $1,035,000, the first annual increase since 2007. Still, with foreclosures and unemployment near historic highs, many are reluctant to declare an end to the downturn. However, if you’ve been watching, waiting and wondering, when to buy… Now’s the time to take note.